Current California Mortgage And Refinance Rates

California’s mortgage market is seeing a shift—average APR for a 30-year fixed mortgage has risen to 7.123%. We’re also noticing increases for both 15-year fixed and jumbo mortgages. Refinance rates have climbed as well, mirroring national trends. With my 13 years of experience navigating these changes, I understand how a rate move impacts every borrower differently. At Groves Capital, Inc., our access to over 160 lenders means I can help you explore a broad spectrum of options, from conventional and government-backed loans to specialized products. Whether you’re considering a purchase or a refinance, understanding these rate trends is essential to making informed decisions tailored to your financial goals.